Perez Corporation has the following financial data for the years 20X1 and 20X2: 20X1 20X2 Sales $ 8,000,000 $ 10,000,000 Cost of goods sold 6,000,000 9,000,000 Inventory 800,000 1,000,000 a. Compute the inventory turnover for each year using the formula Sales/Inventory. (Round your answers to 2 decimal places.) b. Compute inventory turnover based on an alternative calculation that is used by many financial analysts, Cost of goods sold/Inventory, for each year. (Round your answers to 2 decimal places.)

Step-by-step explanation:

The computations are shown below:

a. Inventory turnover = Sales ÷ Inventory

For 20X1:

Inventory turnover = Sales ÷ Inventory

=$8,000,000 ÷  $800,000

= 10  times

For 20X2:

Inventory turnover = Sales ÷ Inventory

=$8,000,000 ÷  $800,000

= 10  times

b)  Inventory turnover = Cost of goods sold ÷ Inventory

For 20X1:

Inventory turnover = Cost of goods sold ÷ Inventory

= $6,000,000 ÷ $800,000

= 7.5  times

For 20X21:

Inventory turnover = Cost of goods sold ÷ Inventory

= $9,000,000 ÷ $1,000,000

= 9  times

+25 = x

step-by-step explanation:

here x is the hypotenuse of a right triangle whose legs are 7 and 24.   by the pythagorean theorem, 7² + 24² must equal x²:

x² = 49 + 576 = 625.   thus, x = +√625 = +25 = x

1. 3

2. 4

3. 1

hope this ! have a great day.

-wfz